The Hindu Business Line : ICSA mulls FCCBs, warrants

ICSA India Ltd has informed BSE that an extraordinary general meeting will be held on April 4 to decide on the issue of grant of foreign currency convertible bonds and list them overseas.

Alongside, the meeting will also consider allotment of 3,50,000 warrants to Goldman Sachs International on a preferential allotment basis at an issue price of Rs 1,135, including a premium of Rs 1,125 per equity share, aggregating Rs 39.72 crore. Of this Rs 113.50 per warrant would be payable at the time of allotment (aggregating to Rs 3.97 crore) and an additional sum of up to Rs 1,021.50 per warrant would be payable at the time of exercise of these warrants.

In addition, they will consider the issue of 4,00,000 warrants to the promoter on a preferential allotment basis, on such terms and conditions and in such manner as the board may think fit.

More Stories on : Preferential Allotments | Overseas Borrowings | Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
ICSA mulls FCCBs, warrants

KPIT Cummins to raise $9 m

MTNL told to lower infrastructure charges

Rural telephony to ring in money for Govt from operators

Solix tool upgrade

`SMBs aware of tech adoption benefits'

Sun TV told to provide signals to TataSky

Mobile ads to go more interactive

Cyber security research centre set up at Chandigarh

TRAI workshop on consumer education

Software exports from AP set to top $4 billion

AppLabs chosen by Novell

Emerson Network eyes data centre market